ATLANTA, April 28 /PRNewswire-FirstCall/ -- Global Payments Inc. (NYSE:
GPN), a leader in payment processing services, today announced that its
wholly-owned, Prague-based subsidiary Global Payments Europe, a.s. is
providing the Slovakian subsidiary of Orange, a major European mobile phone
operator, with issuing services for its credit card program. Orange is
issuing the cards in co-operation with GE Money Multiservis, Slovakia -- a
sister company of GE Money Bank, which is based in the Czech Republic. To
date, Global Payments Europe has issued 750,000 cards for GE Money
Multiservis and Orange. Global Payments Europe will process authorizations
for transactions using these cards in Prague, Czech Republic.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO )
CEO and Chairman for Global Payments Europe, Petr Sedlacek, said, "We
are extremely pleased to expand our activities in Slovakia, where we are
also providing services to other major European banking groups, as well as
for a leading European retailer."
Based in Prague, Global Payments Europe (formerly MUZO) serves
financial institutions with a comprehensive package of payment services
including credit and debit card transaction processing, installation and
servicing of ATM and POS terminals, as well as card issuing services such
as card database management and card personalization. MUZO's proprietary
platform is among the first in the European market to be compliant with the
international EMV standards for chip-based payment cards.
Global Payments Inc. (NYSE: GPN) is a leading provider of electronic
transaction processing services for consumers, merchants, Independent Sales
Organizations (ISOs), financial institutions, government agencies and
multi-national corporations located throughout the United States, Canada,
Latin America, Europe and Asia. Global Payments offers a comprehensive line
of processing solutions for credit and debit cards, business-to-business
purchasing cards, gift cards, electronic check conversion and check
guarantee, verification and recovery, as well as terminal management. The
company also provides consumer money transfer services from the U.S. and
Europe to destinations in Latin America, Morocco, and the Philippines. For
more information about the company and its services, visit
http://www.globalpaymentsinc.com.
This announcement may contain forward-looking statements pursuant to
the "safe-harbor" provisions of the Private Securities Litigation Reform
Act of 1995. These forward looking statements involve risks and
uncertainties such as product demand, market and customer acceptance, the
effect of economic conditions, competition, pricing, development
difficulties, foreign currency risks, costs of capital, continued
certification by credit card associations, the ability to consummate and
integrate acquisitions, and other risks detailed in the Company's SEC
filings, including the most recently filed Form 10-Q or Form 10-K, as
applicable. The Company undertakes no obligation to revise any of these
statements to reflect future circumstances or the occurrence of
unanticipated events.
Contact: Phyllis McNeill
Global Payments Inc.
770 829 8245 Voice
phyllis.mcneill@globalpay.com
SOURCE Global Payments Inc.
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Related links:
http://www.globalpaymentsinc.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Phyllis McNeill of Global Payments Inc.,
+1-770-829-8245, phyllis.mcneill@globalpay.com
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